PMI drops to below 50.
Manufacturing Sector Shrank In June, Report Signals -- For the first time since July 2009 a gauge of how U.S. manufacturers are doing is signalling shrinkage in the factory sector. The Institute for Supply Management says its June "PMI" indexstood at 49.7, down from 53.5 and the first time in nearly three years that it wasn't above 50 -- the line between growth in manufacturing (an above 50 reading) and contraction (below 50).
"...A whopping 91 percent reported that they plan to reorganize their approach to risk management over the next three years."
Risky Business: Managing Risk in a Volatile World -- The reasons behind the reorg: increased volatility across the 11 risk areas surveyed – not just financial risk which is how risk has traditionally been though of especially post-Enron/post Lehman/post euro meltdown. The survey, which I helped put together, looked at a panoply of corporate risks from strategic risk, to reputational risk, to operational risk, to technology risk, to financial risk, to talent/human capital risk, to tax risk, to regulatory/compliance risk, to corporate responsibility/environmental/sustainability risk, to political/geopolitical risk and value/supply chain risk.
Airbus moves stateside.
Airbus confirms its first US factory to build A320 jet -- European plane manufacturer Airbus has confirmed plans for a $600m (£482m) factory in Alabama, marking its first assembly plant in the US. The plan will put it into direct competition with rival Boeing, which dominates commercial plane manufacturing in the US. The factory, which will create 1,000 jobs, will manufacture the A320 series of planes. The plant, set to open in 2015, aims to build 50 planes a year by 2018.
Don't pop the screen!
Soap bubble screen is 'the world's thinnest display' -- Viewers may soon be able to watch films on soap bubbles - after researchers developed a technology to project images on a screen made of soap film. An international team produced a display that uses ultrasonic sound waves to alter film's properties and create either a flat or a 3D image. The bubble mixture is more complex than the one sold in stores for children, but soap is still the main ingredient. The team says the display is the world's thinnest transparent screen. "It is common knowledge that the surface of soap bubble is a micro membrane. It allows light to pass through and displays the colour on its structure," the lead researcher, Yoichi Ochiai from the University of Tokyo, wrote in his blog.